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Ray Calloway
Ray Calloway
China Owns 248,000 Acres of American Farmland. Canada Owns 16.1 Million.

Sep 25, 2026

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2 min read

China Owns 248,000 Acres of American Farmland. Canada Owns 16.1 Million.

Canada holds more than 50 times what China holds. That one number changes the whole argument at the dinner table.

Ray Calloway
Ray Calloway
People Say Government Never Actually Shrinks. The 2025 Data Disagrees

Sep 24, 2026

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2 min read

People Say Government Never Actually Shrinks. The 2025 Data Disagrees

A 42% drop in the Federal Register in a single year is either a rounding error or the biggest regulatory rollback in modern history. It is not a rounding error.

Ray Calloway
Ray Calloway
Family Health Insurance Cost $5,791 in 1999. Last Year It Hit $26,993.

Sep 23, 2026

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2 min read

Family Health Insurance Cost $5,791 in 1999. Last Year It Hit $26,993.

A 366% increase in 26 years, while wages didn't even double. One chart makes this hard to argue with.

Ray Calloway
Ray Calloway
The Average Social Security Check Loses About $5,500 a Year in 2032

Sep 22, 2026

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2 min read

The Average Social Security Check Loses About $5,500 a Year in 2032

$2,084 a month becomes roughly $1,626 — automatically, with no legislation required, the moment the trust fund hits zero.

Ray Calloway
Ray Calloway
$10,000 in Gold in 2000 Is Worth $156,000 Today.

Sep 21, 2026

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3 min read

$10,000 in Gold in 2000 Is Worth $156,000 Today.

The man who left his $10,000 in a savings account has $16,000 today, and it buys less than his original ten grand did.

Ray Calloway
Ray Calloway
You Own 500 Companies. Ten of Them Are 41% of Your Portfolio.

Sep 18, 2026

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2 min read

You Own 500 Companies. Ten of Them Are 41% of Your Portfolio.

Apple, Microsoft, Nvidia, Amazon, Alphabet, Meta. And a few friends. That's 41% of your index fund.

Ray Calloway
Ray Calloway
Not the Depression. Not Two World Wars. This Is the Lowest Ever.

Sep 17, 2026

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2 min read

Not the Depression. Not Two World Wars. This Is the Lowest Ever.

You need 2.1 just to keep the country from shrinking. We haven't hit it in 18 years.

Ray Calloway
Ray Calloway
Gas Is Up 27%. Fuel Oil Up 52%. The Fed Meets at 2 PM.

Sep 16, 2026

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2 min read

Gas Is Up 27%. Fuel Oil Up 52%. The Fed Meets at 2 PM.

First rate hike in three years. Not because the economy's on fire. Because the target keeps moving away.

Ray Calloway
Ray Calloway
Nvidia Dropped 3.4% Yesterday. The Real AI Bottleneck Is Somewhere Else.

Sep 15, 2026

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2 min read

Nvidia Dropped 3.4% Yesterday. The Real AI Bottleneck Is Somewhere Else.

Everyone’s watching the chips. The bottleneck is the electricity to run them. Data center power demand more than doubles by 2027, and the turbines to build the plants are booked through 2030.

Ray Calloway
Ray Calloway
The $1 Trillion Line Item Nobody Talks About

Sep 14, 2026

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2 min read

The $1 Trillion Line Item Nobody Talks About

The bill for old borrowing just passed the entire U.S. military budget.

Ray Calloway
Ray Calloway
Twenty-Five Years After 9/11, the Bill Is $8.7 Trillion

Sep 11, 2026

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2 min read

Twenty-Five Years After 9/11, the Bill Is $8.7 Trillion

And the Biggest Piece Has Not Been Paid Yet

Ray Calloway
Ray Calloway
Your Gas Is Up 41% Since February. Tomorrow's CPI Will Prove It.

Sep 10, 2026

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2 min read

Your Gas Is Up 41% Since February. Tomorrow's CPI Will Prove It.

That's $500 a Year Out of Your Pocket, Before the Report Even Hits.

Ray Calloway
Ray Calloway
Foreigners Used to Fund Half Our Debt. Not Anymore.

Sep 9, 2026

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2 min read

Foreigners Used to Fund Half Our Debt. Not Anymore.

The Missing 18 Cents Is Coming Out of Your Pocket.

Ray Calloway
Ray Calloway
Everyone Calls This a Real Estate Problem. It Isn't.

Sep 8, 2026

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2 min read

Everyone Calls This a Real Estate Problem. It Isn't.

Office buildings are collateral for loans. Those loans live inside pension funds, bond funds, and insurance companies — and delinquencies just hit 12.3%, another all-time record.

Ray Calloway
Ray Calloway
In January 2000, 67.3% of Working-Age Americans Were in the Labor Force. Today It's 61.6%.

Sep 7, 2026

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3 min read

In January 2000, 67.3% of Working-Age Americans Were in the Labor Force. Today It's 61.6%.

The Fed may raise rates for the first time in three years on September 16. If your retirement plan assumes rates fall from here, that assumption is worth testing this week.

Ray Calloway
Ray Calloway
The Top 1% Paid 38.4% of All Federal Income Taxes in 2023

Sep 4, 2026

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2 min read

The Top 1% Paid 38.4% of All Federal Income Taxes in 2023

The bottom 50% covered 3.3% of the bill. One group is 1% of all filers. The other is half the country."

Ray Calloway
Ray Calloway
In 2023, AI Barely Showed up in Layoff Reports. Now It's the Leading Cause.

Sep 3, 2026

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3 min read

In 2023, AI Barely Showed up in Layoff Reports. Now It's the Leading Cause.

It went from 5% of all tracked job cuts in 2025 to 24% this year. The pace is not flattening.

Ray Calloway
Ray Calloway
"September Is Bad for Stocks" Sounds Like Folklore. The 75-Year Record Says Otherwise.

Sep 2, 2026

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2 min read

"September Is Bad for Stocks" Sounds Like Folklore. The 75-Year Record Says Otherwise.

The same 75-year record that makes September ugly makes November the best month of the year. Selling now means missing that.

Ray Calloway
Ray Calloway
Your Grandkids Aren't Being Dramatic About Not Affording a House

Sep 1, 2026

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3 min read

Your Grandkids Aren't Being Dramatic About Not Affording a House

When you bought, the price-to-income ratio was 3.5x. They're facing 5x — with a 30-year mortgage already sitting at 6.66%.

Ray Calloway
Ray Calloway
Florida Gained $196 Billion in Taxable Income. New York Lost $111 Billion. Same Decade.

Aug 31, 2026

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3 min read

Florida Gained $196 Billion in Taxable Income. New York Lost $111 Billion. Same Decade.

New York, California, and Illinois were the losers. Florida and Texas were the winners. The 2030 census projection makes this decade look like a warm-up.

Ray Calloway
Ray Calloway
The Fed Talks 2% Inflation. The Car Lot Has Its Own Number.

Aug 29, 2026

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2 min read

The Fed Talks 2% Inflation. The Car Lot Has Its Own Number.

When a working family needs a six- or seven-year loan to replace a 12-year-old sedan, they aren't reading PCE reports. They already know what inflation did.

Ray Calloway
Ray Calloway
The 30-Year Yield Is at a 19-Year High — After Six Fed Rate Cuts

Aug 28, 2026

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2 min read

The 30-Year Yield Is at a 19-Year High — After Six Fed Rate Cuts

New Fed Chair Kevin Warsh delivers his first major speech at Jackson Hole today. Bond traders will hang on every word, but today's chart already said it plainly.

Ray Calloway
Ray Calloway
Canada Runs 4% of America's Trade Deficit. It Just Got a 50% Tariff.

Aug 27, 2026

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3 min read

Canada Runs 4% of America's Trade Deficit. It Just Got a 50% Tariff.

A $46 billion deficit on $880 billion in two-way trade is about as close to balanced as international trade gets. Today's chart puts that in plain sight.

Ray Calloway
Ray Calloway
How Much of Your Retirement Is Sitting in Dollars That Buy Less Every Year?

Aug 26, 2026

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3 min read

How Much of Your Retirement Is Sitting in Dollars That Buy Less Every Year?

From 1980 to 2000, gold fell while governments spent responsibly. Then the spending took off. The chart since then is really a chart of the dollar.

Ray Calloway
Ray Calloway
The Most Trusted News Source in America Is the Weather Channel

Aug 25, 2026

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2 min read

The Most Trusted News Source in America Is the Weather Channel

Republican trust collapsed to 8% — single digits — but independents landed at 27%. This stopped being a partisan story years ago.

Ray Calloway
Ray Calloway
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